by Mike Brown, your macro detective with a caffeine addiction
So Trump’s out here saying tariffs are making America rich again.
Revenue’s up. Treasury stacking. Sounds like a flex, right?
But pause—who’s actually footing the bill?
Spoiler: It ain’t China.
It’s you. Your fave local importer. Your grocery run.
Tariffs hit U.S. importers first—and guess what?
They pass the cost down like it’s hot.
“Prices are going down,” Trump says.
Sure, March had a lil 0.1% dip.
Gas and used cars carried the squad.
But zoom in—
• Grocery prices? Still rising.
• Eggs? Over $6 a dozen.
• March food inflation? +0.5%
And now he wants tariffs on oil from Canada and Mexico?
That’s a recipe for gas pump heartbreak. Experts are warning: +5% incoming.
Meanwhile on Wall Street:
• Stocks? Nervous.
• Gold? Flying.
• Investors? Bracing like it’s boss level volatility.
Yes, the Fed’s policies are starting to show up.
Core inflation is the lowest since 2021.
But macro W’s don’t mean much when your grocery bill’s still giving “scam.”
So here’s the real:
Tariffs bring in cash, yeah.
But saying “China’s paying” is straight-up cap.
You’re paying. I’m paying. And your bag of Doritos is paying too.
Mike Brown reporting in—signing off with this alpha:
Next time someone says “tariffs are winning,”
check your receipt before you believe the hype.